The post Bitcoin, Ethereum & XRP Price Rally as Crypto Market Cap Hits $3.6T appeared first on Coinpedia Fintech News
The crypto market is staging a strong comeback after a rocky start to August. Bitcoin is trading around $114,635, while Ethereum is near $3,553, both rebounding sharply from earlier lows. Instead of panicking, investors appear to be rotating back into crypto, treating current prices as a buying opportunity.
The recovery is striking: the market has added a massive $85 billion in value within just 24 hours, pushing global capitalization to $3.6 trillion. Traders are now eyeing the next milestone, $3.7 trillion.
Here’s Why the Crypto Market is Up Today
One of the biggest drivers behind this rally is the U.S. SEC’s Project Crypto, an initiative to explore how traditional markets could be “tokenized.” This includes meetings with industry leaders to help shape the future of digital asset regulations. For investors, this signals a step closer to the clear rules the market has been anticipating.
Meanwhile, trade tensions between the U.S. and China have intensified following Trump’s new tariffs, prompting some investors to treat Bitcoin as a safe-haven asset similar to gold. Adding fuel to the rally, the chances of the Federal Reserve cutting interest rates in September have surged to 89.1%. Lower interest rates typically make riskier assets, such as cryptocurrency, more attractive, boosting buying momentum.
The Fear & Greed Index has also moved into neutral territory at 52, indicating that investor confidence is returning. Markets are shifting from a risk-off to a selective risk-on approach, with traders responding positively to policy clarity and stabilizing market news.
Big Buyers Are Back
Beyond macroeconomic factors, major market players are helping lift sentiment. The recovery of the famous Satoshi Nakamoto statue in Switzerland has energized the Bitcoin community. A Ripple-backed report revealed that major banks, including Citigroup, JPMorgan, and Goldman Sachs, have made significant blockchain investments, underscoring traditional finance’s growing confidence in the space.
In another development, Arkham Intelligence uncovered details of a $3.5 billion Bitcoin hack from the past, highlighting how blockchain analytics are becoming more effective in tracking stolen funds a sign of improving security and transparency.
Institutional buying is also picking up. Adam Back noted that a Bitfinex whale has been acquiring 300 BTC per day using a TWAP strategy, reflecting long-term bullish sentiment.
MicroStrategy founder Michael Saylor summed up the mood perfectly: “Winter is not coming back.”
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Altcoins Market Today
Bitcoin’s surge is lifting the broader market. XRP is up 4%, Dogecoin has gained 4.18%, Cardano (ADA) is up 5.11%, while HBAR and XLM have both jumped over 10%. With sentiment swinging from fear to optimism, traders are once again hunting for the next big opportunity in crypto.
With confidence returning and buyers re-entering the market, the crypto rally is proving it still has plenty of momentum left.
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FAQs
The rally is driven by SEC’s Project Crypto, U.S.-China trade tensions, and rising odds of a Fed rate cut in September.
The global crypto market added $85B in 24 hours, pushing total market cap to $3.6 trillion.
It signals regulatory clarity by exploring tokenization and engaging industry leaders.
Trade tensions and rate cut hopes are boosting Bitcoin’s appeal as digital gold.
